Valor Energy amends Youngstown Computing Center deal: $360,000 deposit paid directly, $3.6M total price

Senmiao Technology Ltd

Amendment No. 1 to the October 18, 2026 Youngstown Computing Center Equity Transfer Agreement eliminates escrow; Valor Energy pays the $360,000 down payment directly to Glorious Star, LLC.
Total purchase price remains $3,600,000, with the $3,240,000 balance payable at Closing no later than the 30th business day after October 18, 2026, simultaneous with 100% equity delivery.
Down payment is non-refundable except if Buyer validly terminates for Seller fraud, material misrepresentation or material breach, when Seller must refund within five business days of notice.
The 30-business-day due diligence period from October 18, 2026 is not restarted; any additional power capacity for the project is a separate transaction and not a Closing condition.
Seller waived claims arising from Buyer's failure to fund the prior escrow deposit; CEO Ronggang Zhang signed the amendment dated November 3, 2026.

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